Posts by Hometown Insurance

North Carolina investment firm founder Greg Lindberg was sentenced Tuesday to 12 years in prison for siphoning more than $2 billion in reserves backing insurance policies and using the proceeds to pay for jets, mansions and a 214-foot yacht. Lindberg, …

Climate change is linked to a 10% global increase in antibiotic-resistance genes in Salmonella, according to new research that suggests warming temperatures and shifting rainfall patterns could accelerate the spread of hard-to-treat infections. The study — conducted by researchers from …

Commercial shipping through the Strait of Hormuz gained modest momentum over the past 24 hours as at least two non-Iranian supertankers exited the Persian Gulf, the latest mini-flurry in energy flows transiting the vital waterway.The Singapore-linked Eagle Veracruz and Greek-owned …

United Kingdom Maritime Trade Operations said on Tuesday that a tanker had reported an external explosion on the vessel’s port side, close to the waterline, 60 nautical miles off Oman’s capital Muscat. UKMTO said the vessel, identified as the Olympic …

Severity, not frequency, is driving the rise in claims costs today. While the number of claims has generally declined, the average cost per claim has soared. From 1994 to 2008, claim frequency declined and lawsuits tracked that trend, falling from …

The US Supreme Court refused to let Florida file an unusual lawsuit that accused California and Washington of making it too easy for undocumented immigrants to get commercial driver’s licenses. Giving no explanation, the justices on Tuesday rejected Florida’s bid …

New York-based insurance broker USI Insurance Services has gone to court to halt a former employee it alleges has poached a few customers for his own newly-formed agency. USI claims that Billy J. MacNair is violating employment and severance agreements …

Crest Insurance Group named Tony Hart vice president, employee benefits in the firm’s Henderson, Nevada office. Hart has nearly 20 years of employee benefits brokerage and consulting experience and specializes in cost containment, pharmacy management, population health and alternative funding …

Ride-share drivers for app-based companies such as Uber and Lyft have unionized in Massachusetts, forming what state officials and labor leaders said was the first officially recognized organization in the U.S. to represent such gig workers. The newly formed App …

The JPMorgan Chase & Co. banker named in a graphic sexual harassment suit that went viral last month hit back at her accuser with a defamation counterclaim, calling his allegations “entirely false” and “malicious.” Lorna Hajdini last Tuesday night countersued …